Skip to main content
_FB_2018-Icons-finalized-cleaned-up_new_FB_2018-Icons-finalized-cleaned-up_newGroup 9
Back
Scroll to top

Electronic Payments

Streamline accounts payable and receivable.

Simplify the business of being in business.

In today’s fast-paced world, you need tools that can keep up with the speed of your business. Stretch your cash flow cycle and make payments on time with electronic tools that enhance and simplify your tax payments, and accounts payable and receivable transactions.
Perfect for you if:
  • You receive or make recurring payments.
  • You want to reduce costs.
  • You have multiple bank relationships.
  • You would like to reduce the risk of check fraud.

Collections & Drafts

Electronic Collections are ideal for recurring receivables such as insurance, leases, loans, utilities, subscriptions and membership fees. Your customers authorize an electronic debit, and those funds are electronically transferred to your First Bank account on the specified date. The system can also be used to easily manage multiple accounts at different banks.

Benefits

  • Can reduce costs
  • Maximize your investment potential to increase earnings
  • Submit transactions directly via our online banking system
  • Save customers time with recurring payments

Everywhere Electronic Payments

Electronic payments can be used to disburse funds such as direct deposit of payroll, expense reimbursement, royalty or vendor payments.1

With Everywhere Electronic Payments, you maintain control of available funds until the moment you need them to cover disbursements; while also reducing the time and expense of writing, processing and reconciling checks. The items are processed automatically, and the payees’ accounts are funded by a single debit to your First Bank account.

Benefits

  • Can reduce expenses
  • Eliminate costs associated with a paper-based payment system
  • Reduce check fraud losses
  • Submit transactions directly via our online banking system

Electronic Tax Payments

First Bank makes it easy and convenient to pay federal, state and many local business taxes online, while staying compliant with IRS Electronic Federal Tax Payment System (EFTPS) requirements.

We specialize in your business.
Whether you’re a startup or big business, First Bank offers solutions perfectly suited to your financial needs. See how we can support your business goals.
Find Out More
Ready to get started?
How we work
Together
At First Bank, you’ll enjoy one-on-one attention and comprehensive support from our entire team of business experts. You aren’t just another number in a database — you’re a partner. You’ll also learn firsthand how powerful an independent bank can be — capable of delivering everything big banks can, without being a big bank.
Let’s have a conversation
Have questions about this service? Contact us today.
  1. Subject to credit approval.

Trending Topics

Hassle-Free Savings Account in Asheville, NC

The only thing most people want in a savings account is a safe place to keep their money without being hassled by annoying fees or bothersome requirements. At First Bank in Asheville, North Carolina, you can enjoy the...

College Savings Account in Wilmington, NC

Whether you’re a parent looking to put away money for your child’s university tuition or a high school student trying to save some spending money for college, a savings account with First Bank in Wilmington, NC, can help...

Your Top 5 Tips for Effective Online Money Management

Information on the Internet moves quickly. That’s why First Bank* offers streamlined online money management for individuals and small businesses throughout North Carolina and South Carolina. Accounts can easily be linked...

Home Mortgage Calculator from First Bank

A home mortgage calculator can help you determine your monthly mortgage payments. This will help you financially prepare for that future purchase, whether you are a first-time homebuyer or seeking a vacation home. You can...

Personal Loan Rates in South Carolina

If you live in South Carolina and are looking for competitive personal loan rates,* visit a local First Bank for highly competitive rates and flexible terms. We’re dedicated to serving our customers and providing a variety...

Small Business Loan Requirements in North Carolina

Small business loan requirements in North Carolina can vary from one year to the next, from one lending institution to the next and simply from one case to the next. There are however, a lot of common myths about small...

High Interest Checking Accounts – Wilmington, NC

A high-interest checking account keeps your earnings coming long after you’ve put it in the bank. Wilmington, NC, has five First Bank locations with high-interest checking account options. Checking Account Options at First...

Asheville Savings

First Bank in Asheville offers savings accounts for anyone looking to get the most out of their money. Whether you’re under 18 and just starting to learn about saving or saving for your future retirement, First Bank has a...

Small Business Bank – North Carolina

First Bank has become the small business bank in North Carolina for owners across the state. We were named one of the best banks in North Carolina by Forbes. We provide the diverse selection of services you expect from a...

Is It Possible to Get a Mortgage Refinanced with No Closing Costs?

When it comes to refinancing a mortgage, you need to spend money to save money. Closing costs can amount to thousands of dollars, depending on the home loan. This is why the prospect of a mortgage refinance with no closing...